Daniel lives in the Eldoret area of Kenya, which is home to the main campus of Moi University. He has 5 children. His primary income sources are milk, eggs, crops and personal business. He has been doing this work for 10 years.
He stated what is most enjoyable about farming is he loves animals and the fact that his cows give him an extra income! His biggest challenge is high input prices. He will use the loan to buy and insure a dairy cow.
Daniel was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'From the radio.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'About how to invest wisely.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family?', Daniel replied that his income will greatly improve and he will be able to give his children a decent living.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Daniel owns the following: 'cow, poultry, bicycle, motorcycle' but does not own 'pig, pump, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net' but does not have 'electricity, solar power, running water, sewing machine, TV, DVD'.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send the data to a central online repository, thus reducing paper use, making the process more efficient, and keeping costs down.
To facilitate a partnership between Kiva and Juhudi Kilimo, K-Rep Group (Juhudi Kilimo’s 100% owner) has guaranteed Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.
About Juhudi Kilimo:
Juhudi Kilimo is a for-profit social enterprise working with small-holder farmers in Kenya to finance purchases of dairy cows, chickens, agricultural equipment, and other assets that create immediate cash flow. Many of the assets are insured to prevent devastating business losses, and targeted technical assistance is provided to farmers, from agricultural training to basic book keeping and local market research.